Ways to Lower The Cost of Car Insurance in Anaheim, CA

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The population of Anaheim, CA, is 352,005. The median household income is $69,443, while the per capita income in the last twelve months is $27,501. The average cost of auto insurance here is $1,538 and can range between $959 and $2,563. Having a deeper understanding of the auto insurance sector can help car owners save on insurance. A comparison of multiple auto insurance quotes will help car owners save up to $620 on insurance. Numerous factors affect the cost of auto insurance in Anaheim. Below are some of the factors that could help car owners lower the cost of auto insurance.

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Insurance Requirements:

Car insurance is mandatory for all vehicle owners in California. The minimum liability insurance requirements for private passenger vehicles are as follows:

  • $15,000 for injury/death to a person.

  • $30,000 for injury/death to more than a person.

  • $5,000 for damage to property.

Hybrids and Electric Vehicles:

Zimlon found that Farmers and Travelers are among the few companies that offer discounts on alternative-fuel vehicles. Hybrids and Electric Vehicles are more environmentally friendly thanks to lower emission rates. Farmers offers these car owners discounts of up to 5% in some states.  

Driving Record:

Most car insurance companies offer substantial discounts to drivers who have a clean driving record. GEICO offers a 26% discount to drivers with a spotless driving record for five years. On the other hand, State Farm offers discounts when a driver goes three or more years with an accident-free record. With the advent of modern technology in the car insurance industry, Usage-Based Insurance (UBI) is increasingly being used to personalize car insurance. UBI works through both plugin devices and mobile apps. It keeps track of various factors in one’s car, making insurance rates more personalized.  

Bundling and Multi-Car Insurance:

Bundling is a standard method of availing discounts. If a customer purchases multiple policies (life, car, home) from the same insurer, it leads to discounts. State Farm offers up to a 17% discount on multiple policies, while Progressive offers an average discount of 5%.

 Discounts are also offered if one insures multiple vehicles with the same insurer. GEICO, for instance, offers multi-vehicle discounts of up to 25%.

A multi-car insurance policy in Anaheim, CA, will cost up to $5,999. This depends on the number of vehicles being insured and the make and model of the vehicle.

Anti-theft Discounts:

Car insurers across California offer discounts to drivers that install anti-theft devices. GEICO offers a discount of up to 25% on installing approved anti-theft devices or alarms. Progressive, too, offers discounts of up to 25% on anti-theft devices and alarms.